A fast growing firm paid a dividend of $0.79 per share during the most recent year, The dividend is expected to increase at a rate of 21.0% per year for the next 3 years , Afterwards, a more stable 2.85% annual growth rate should be assumed - If a 14.65% discount rate is appropriate for this stock, what is its value? (Note: Round all calculations to 2 decimal places, i.e. $12.34)

		$10.74
		$9.71
		$8.90
		$12.32
		$12.17
		$11.05
		$10.45